Tag: bankruptcy debt
One thing bankruptcy won’t fix is college debt, which – in contrast to credit cards – can’t usually be discharged by the courts. One in three low-income people who have filed for bankruptcy protection from their creditors have student loans and face this predicament, according to LendEdu, a financial website. The debt relief they can…
Introduction The fact that American households have debt is not a surprise: credit cards finance our purchases, car loans pay for our wheels, student loans help us with tuitions, and mortgages buy our homes. Yet the size of the debt can seem shocking. The aggregate burden runs to nearly $10 trillion, nearly twice what it…